Caxxor looks for investment for rail link between Mexico and Canada
By Marcus Williams2021-02-01T11:01:00
Infrastructure investment conglomerate, Caxxor Group, is proposing to build a rail route linking the Mexican east coast port of Mazatlán with the Canadian city of Winnipeg. The $3.3 billion (€2.7 billion) project, which will draw investment from the governments of Mexico, the US and Canada, as well as the private sector, will link strategic points across all three countries. Caxxor is targeting the movement of container freight, finished vehicles, bulk commodities and petroleum products.
Called the USMCA Corridor, after the new US-Mexico-Canada Agreement trade agreement between the three countries, it will cover more than 146,000 miles (234,964 km) of existing track, with an additional 54 miles to be added in Mexico.
Caxxor’s president, Carlos Ortiz, said the trade route would increase competitiveness through rail connectivity across North America while reducing freight costs and transport times.
The project will require a new logistics terminal in Winnipeg and an expansion of the existing terminal space at Mazatlán port for containers and ro-ro. The expansion of the terminal at Mazatlán, which is in Sinaloa state, and the rail link from there to the Mexican state of Durango, will be amongst the first parts of the corridor to be built.
From Durango it will run through the Mexican state of Monterrey and through the cities of Laredo, Dallas, Tulsa and Chicago.